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Hongfa Technology Co Ltd
Hongfa Technology's GHG Emissions Data Preview
In 2024, Hongfa Technology completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Hongfa Technology has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
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aVerified Sources Behind Hongfa Technology’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hongfa Technology’s data sources below and access millions more through our Disclosure Search.
Insights into Hongfa Technology's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofHongfa Technology amounted to149,444.71metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hongfa Technologydecreased by 22.4%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Hongfa Technology's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hongfa Technology's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Hongfa Technology were 9,187.194 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Compared to the previous year(2023), Hongfa Technology's Scope 1 emissions decreased by 72.63%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Hongfa Technology's Scope 2 emissions?
In 2024, Hongfa Technology reported Scope 2 greenhouse gas (GHG) emissions of 140,257.516 tCOâ‚‚e without specifying the calculation method.a
Has Hongfa Technology reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Hongfa Technology's Scope 2 emissions(Unspecified Calculation Method) fell by 11.8% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Hongfa Technology use for Scope 2 reporting?
In 2024, Hongfa Technology reported its Scope 2 emissions using an unspecified methodology.a
Hongfa Technology's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Hongfa Technology's Value Chain Emissions
In 2024, Hongfa Technology reported 1,482,958.665 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Hongfa Technology includes a breakdown across 11of the 15 Scope 3 categories defined by the GHG Protocol,up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Hongfa Technology's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hongfa Technology's Scope 3 emissions?
In 2024, Hongfa Technology reported total Scope 3 emissions of 1,482,958.665 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 33.43%of these emissions originated from upstream activities such as purchased goods and capital goods, while 66.57%came from downstream activities like product use, distribution, and end-of-life treatment.a
What categories of Scope 3 emissions does Hongfa Technology disclose?
In 2024, Hongfa Technology reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Hongfa Technology's Scope 3 emissions?
In 2024, the largest contributors to Hongfa Technology's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 986,911.79 tCOâ‚‚e(66.55%)
- Purchased Goods and Services (Cat. 1): 307,870.831 tCOâ‚‚e(20.76%)
- Capital Goods (Cat. 2): 180,362.455 tCOâ‚‚e(12.16%)
Hongfa Technology's Scope 3 Emissions by Categories
Insights into Hongfa Technology’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hongfa Technology reported Scope 1 greenhouse gas (GHG) emissions of 9,187.194 tCOâ‚‚e and total revenues of USD 1,932 millions. This translates into an emissions intensity of 4.75 tCOâ‚‚e per millions USD.a
Hongfa Technology's Scope 1 Emissions Intensity Compared to Peers
How does Hongfa Technology's GHG emissions intensity compare to its peers?
In 2024, Hongfa Technology reported a Scope 1 emissions intensity of 4.75 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.38, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Hongfa Technology rank on GHG emissions intensity within its industry?
In 2024, Hongfa Technology ranked 17 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Hongfa Technology is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Hongfa Technology's Total Carbon Footprint
In 2024, Hongfa Technology reported a total carbon footprint of 1,632,403.375 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 747.58% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Hongfa Technology's total carbon footprint was Scope 3 emissions, accounting for 90.85% of the company's total carbon footprint, followed by Scope 2 emissions at 8.59%.a